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Manaksia
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Manaksia Ltd. (Formerly known Hindusthan Seals Limited) was incorporated on December 27, 1984. Subsequently, the Company changed to its present name 'Manaksia Limited' and as a result, the Company's Shares got listed effective on August 20, 1986 on the Calcutta Stock Exchange.
The Company is primarily engaged in the business of trading of Metals and other items. The Company has specialists in manufacture of packaging products (crowns, closures and metal containers), metal products and fast moving consumer goods, among others. The company has having 15 manufacturing plants in India and three abroad, two in Nigeria and one in Ghana. Mr. Basudeo Agrawal and Suresh Kumar Agrawal are Promoters of the Company.
The Company's metal packaging products include crowns, roll-on pilfer-proof closures, expanded polyethylene liners as well as push-open and other metal containers. In the fast moving consumer goods segment, the company is a dependable mosquito repellents outsourcing destination for the Mortein (owned by Reckitt Benckiser (India) Limited) and Maxo (owned by Jyothy Laboratories) brands.
The Company has now diversified into the production of aluminium rolled products, secondary specification aluminium alloys and galvanised steel.
The Company's wholly owned subsidiary in Nigeria, MINL Limited, was set up in 1996 and is the market leader in ROPP caps and crown corks in Nigeria. It has also set up facilities for the manufacture of galvanised steel, metal colour coated sheets and coils and secondary specification aluminium alloys.
The company also has subsidiary companies in Ghana (Dynatech Industries Ghana Limited) and Dubai (Euroasian Ventures FZE).
Manaksia Limited went public during 2007. The Company started commercial production at Haldia steel mill; It acquired the Nigerian Paper Mills Ltd ((renamed Jebba Paper Mills Ltd); and resultant to change in name, the mill commenced production during 2006-07.
Company implemented Steel Cold Rolling Mill with a capacity of 50000 TPA during the year 2007-08. During the year 2007-08, Euroasian Venture FZE, Dubai a wholly owned Subsidiary of the Company formed a joint Venture with the name of Euroasian Steel LLC in Georgia for implementation of Steel long Product projects for capital costing USD 35 million.
During FY 2008-09, two Subsidiary Companies were formed namely Solex Chemicals Private Limited, India and Manaksia Global Limited, Mauritius.
During the year 2009-10, Company subscribed to equity shares to an aggregate amount of Rs 2385.96 lakhs in its wholly owned Subsidiary Companies i.e. Euroasian Ventures FZE and Manaksia Global Limited. The Company invested in 50,000 shares of Rs 10 each equivalent to 100% equity of each of the Companies: Manaksia Aluminium Company Ltd, Manaksia Overseas Ltd, Manaksia Coated Metals & Industries Ltd, Manaksia Ferro Industries Ltd and Manaksia Steels Ltd, thereby making it wholly owned subsidiary companies.
During the year 2012-13, the Company made equity investments by subscribing to additional 30,00,000 Equity Shares of Rs 10 each in its wholly owned subsidiary company, Manaksia Ferro Industries Limited. Further, subsequent to the transfer of shares, Mark Steels Limited, a wholly owned subsidiary company became step down subsidiary company w.e.f. 5th March 2013.
During 2014-15, the Board of Directors of the Manaksia Limited (Transferor Company), had approved the restructuring plans of Company through Draft Scheme of Arrangement, for demerger in product divisions of Aluminium, Steel, Packaging and Coated Metal & Mosquito Coil Undertakings of Company on a going concern basis w.e.f. 1st October, 2013 into four fully owned subsidiary companies viz., Manaksia Aluminium Company Ltd., Manaksia Steels Ltd., Manaksia Industries Ltd. and Manaksia Coated Metals & Industries Ltd. (Transferee Companies) respectively, and the Scheme was made effective from 23rd November, 2014.
Manaksia share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Manaksia indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Manaksia is valued compared to its competitors.
Manaksia PE ratio helps investors understand what is the market value of each stock compared to Manaksia 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Manaksia evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Manaksia generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Manaksia in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Manaksia shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Manaksia compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Manaksia over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Manaksia helps investors get an insight into when they can enter or exit the stock. Key components of Manaksia Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Manaksia shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Manaksia ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Manaksia provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Manaksia highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Manaksia .
The balance sheet presents a snapshot of Manaksia ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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